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This is fantastic. Those of you thinking of starting a business cannot miss this wonderful opportunity!

VenCorps, which is a crowd-sourced collaborative venture capitalist firm and the Kauffman Foundation, are currently running an online elevator pitch competition.  They will give away US$5,000 cash to the best video pitch every month. Contestants upload a two-minute elevator pitch video to YouTube and get feedback from VenCorps‘panel of judges and members of the startup community.

It gets even better. Monthly winners walk away with the cash without any catch – no equity is expected. The best-of-the-best will be invited to the VenCorps community for a chance at winning a further US$25,000 investment.

For details of the competition visit their Facebook Page